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USDJPY dives below 140.70 key level Momentum oscillators continue downside pressure USDJPY has declined considerably towards a new 14-month low of 139.56 earlier today, continuing the significant sell-off. The price has been in a bearish tendency since mid-August with the technical oscillators confirming the current move. The MACD oscillator is standing beneath its trigger and […]

The post USDJPY Unlocks New 14-Month Low appeared first on Action Forex.

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16/07/2024

NZD: Will Bearish Momentum Halt?

The NZDUSD pair remains under pressure near 0.6075 in early Asian trading on Tuesday, affected by weak Chinese economic data and a modest rebound in the US Dollar. Attention is on the upcoming US Retail Sales data for June. Focus will also shift to New Zealand’s CPI inflation data due on Wednesday. Expectations are that […]
29/03/2024

USD/JPY Could Consolidate Before Fresh Increase

Key Highlights USD/JPY climbed higher above the 150.50 and 151.20 resistance levels. A major bullish trend line is forming with support at 150.60 on the 4-hour chart. EUR/USD could gain bearish momentum below 1.0820. Crude oil prices are accelerating above the $82.50 resistance zone. USD/JPY Technical Analysis The US Dollar climbed further higher above the […]
03/04/2024

USD/JPY Analysis: Calm Before the Storm?

The USD/JPY chart today shows that the rate has stabilized at 152 yen per US dollar. But can we say that there is calm in the market? Hardly. First, it is important to note that in 2023 there was a sharp reversal of trend around the 152.00 level due to intervention by the Japanese authorities, […]